Headline News
From
Emerging India
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Hand-picked News For Busy NRIs & PIOs
Issue No. 168 Evening Edition IST
Corporate World . Politics . Investment Opportunities in India
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Headline News in this issue:
- Satyam's American pie vanishes without trace
- Third phase: Polling ends, 50% voter turnout registered
- Prabhakaran silently hatched the plot to kill Rajiv
- World's top brand 'Google' is worth $100 bn!
- Cricket: Chennai Super Kings beat Rajasthan by 38
- Cricket: Daredevils halt Chargers' unbeaten run, win by 6 wickets
- IcySpicy: Bollywood celebrities turn out to make their vote count
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SENSEX : 11,403.3 DOWN 46.2 % from 52-wk high
FOREX-Rs: USD 50.22 / EUR 66.25 / GBP 73.87
Please Note: Aug-Oct 2009 is expected to be a great period For Making Investments In India. Do Plan your investments in advance.
Do read Investment Advice for long-term investors, in this issue.
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Satyam's American pie vanishes without trace
Two-thirds of the $150 million that Satyam Computer Services raised from US investors through issue of American depository shares (ADS) in 2001 is not traceable, the Serious Fraud Investigation Office (SFIO), which probed India’s biggest corporate scam, has found.
Third phase: Polling ends, 50% voter turnout registered
An estimated 50% of the 14.4 crore electorate on Thursday exercised their franchise during the third phase of Lok Sabha polls in nine states and two union territories, which passed off by and large peacefully barring stray violence in Bihar and West Bengal.
With the completion of the third phase, the voters have given their verdict in 372 of the 543 Lok Sabha seats.
Two more phases are to be held on May 7 and 13 before counting of votes is taken up on May 16.
The voters' response in the first two phases was at around 60%.
http://timesofindia.indiatimes.com/LS-polls-50-voter-turnout-in-3rd-phase/articleshow/4466290.cms
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IPL: Chennai Super Kings beat Rajasthan by 38 runs
Balaji (4-21) and Raina (98) helped Chennai beat Rajasthan by 38 runs at SuperSport Park.
http://ipl.timesofindia.indiatimes.com/articleshow/4468778.cms
Daredevils halt Chargers' unbeaten run, win by 6 wickets
Delhi Daredevils halted the unbeaten run of the Deccan Chargers by beating them by 6 wickets.
http://www.indianexpress.com/news/daredevils-halt-chargers-unbeaten-run-win-by-6-wickets/453045/
Prabhakaran hatched Rajiv plot
A former LTTE commander has said the plot to assassinate former prime minister Rajiv Gandhi was hatched solely between LTTE chief V Prabhakaran and his intelligence chief Pottu Amman.
“The plot to kill Rajiv Gandhi was hatched silently. None of us had any clue of this wicked plan. Only Prabhakaran and Pottu Amman planned it without taking anyone into confidence,” Karuna Amman claimed.
World's top brand 'Google' is worth $100 bn!
Internet search engine giant Google has emerged as the world's number one brand and is also the first one to touch the USD 100 billion value mark.
http://www.indianexpress.com/supplement/Business/797/
World's top 10 valuable brands
http://economictimes.indiatimes.com/quickiearticleshow/4469183.cms
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IcySpicy
Bollywood celebrities turn out to make their vote count
The star power was on display in the city with Aamir Khan, John Abraham and Vidya Balan turning out early to cast their votes for the final phase of Lok Sabha elections in the Maharashtra.
Film director Karan Johar, Sonali Bendre, Sonam Kapoor, Rahul Bose, Paresh Rawal, former cricketer Sandip Patil and classical singer Padmaja Phenani Joglekar were among the other celebrities who came out to exercise their franchise.
Aamir Khan urged the public to come out and vote.
"Being an Indian it is our duty to come out and vote. Every citizen should come out and vote and this is why I am here," Khan said.
Actor John Abraham said that the public should vote for "change".
"People enjoy their holiday but people also know their responsibility that you should also come out and cast your vote. Because we live in a democracy where we have been give the power to choose the good. If we don't vote, we don't have the right to complain," said Abraham.
http://www.indianexpress.com/news/bollywood-celebrities-turn-out-to-make-their-vote-count/452989/
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END OF THE DAY STATUS OF THE STOCK MARKET:
Sensex went up by 3.7 % today.
SENSEX : 11,403.3 (+3.7%) NIFTY: 3,474.0 (+3.3%)
DOWN..46.2 % from 21,206.77 the 52-week high of SENSEX
UP...........48.1 % from 7,697.39 the 52-week low of SENSEX
Investment & Wealth Creation Advice:
Please note that our advice is primarily for investors and not for speculators. Investors typically invest with 12-60 month investment perspective. You will therefore find that our advice does not change substantially from issue to issue.
We expect Sensex to come down to 8000-9000 level in the next few months. We expect Aug-Oct 09 period to be a very good period for making investments in good stocks / mutual funds in India. So, do plan your investments in advance.
Also, those who want to invest in realty in India should wait for some time as the flat and land prices are expected to come down substantially in the next 3-4 quarters.
Do consult your investment advisor before making any investment decisions.
Do not purchase shares of a good company at a wrong price. Also, do not purchase shares of a bad company even at a very low price.
Do not put all your eggs in one basket. Diversify your portfolio to de-risk. Do not put more than 33% of your investible funds in stocks and/or mutual funds. Put 33% in Fixed-Interest instruments and the remaining 33% in real estate when real estate prices are low.
Do not invest in stocks, mutual funds or realty when their prices are quite high. From the high levels, these prices normally come down by about 40-50% and that is when many people lose their hard earned money in a big way.
Make sure that you are not one of those big losers.
Make sure that you invest when prices are low (and that is the case in 2009) and divest when prices are high (which will be the case in Q1-2011).
Please note that Aug-Oct 2009 is expected to be a great period for investing your money in stocks & mutual funds in India.
Click here to display NSE CNX NIFTY Chart
Disclaimer: Please make all your investments after taking expert advice. NRI.NewsIndia will not be responsible for losses, if any, incurred by you. Through NRI.NewsIndia, we are only making you aware of the investment opportunities in India at a broad level.
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